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Dec 11, 2012
12/12
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berlusconi has announced he's creating a new center right grouping. meanwhile, mario monti has been accused oversimplifying solutions during the fiscal crisis. carolin is joining us now from rome. do we expect more of this rhetoric today? >> oh, definitely. not just today, but specifically over two months. elections will only be held probably on february 24th. we've got about two months of the silly campaigning season to follow. so yes, as you said, the verbal exchange is definitely heating up. it started with mr. monti's response criticism coming from officials about his renewed request for the prime minister post yesterday. he said this criticism was out of place. it was offensive not just for him, but also for all of the people in italy who have the freedom to vote. this morning, he did an interview with one of the channels here in italy and he said, i don't really care about this spread because the spread is based on fraud. that's the direct translation. meanwhile, if you take a look at the spread, they are moving higher again. 4.9%. italian equit
berlusconi has announced he's creating a new center right grouping. meanwhile, mario monti has been accused oversimplifying solutions during the fiscal crisis. carolin is joining us now from rome. do we expect more of this rhetoric today? >> oh, definitely. not just today, but specifically over two months. elections will only be held probably on february 24th. we've got about two months of the silly campaigning season to follow. so yes, as you said, the verbal exchange is definitely...
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Dec 28, 2012
12/12
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it's not like berlusconi has a record of fiscal spending. >> no. but i guess also the times were different. >> the times were different but the interest rate was slightly higher than it is now. but the primary surplus of the country ran over that period which was an acceptable 3% on average is already right now reached once again. so all the parameters are in the right place and the only thing the next government needs to do is actually nothing. if it does nothing, if it doesn't reverse the reforms -- >> what's interesting is what berlusconi is campaigning on is austerity. he's running on an ant anti-austerity pro eu package. while it's untenable, it does have a certain amount of certainly backtracking the fiscal returns for them. >> exactly. this property tax, i think that's a cause for concern. if you were to repeal that, the fiscal position on would be unsustainable and he would have to raise taxes elsewhere to make up for that. that would be some messy negotiations with him on a european level. markets would be very concerned already heading in
it's not like berlusconi has a record of fiscal spending. >> no. but i guess also the times were different. >> the times were different but the interest rate was slightly higher than it is now. but the primary surplus of the country ran over that period which was an acceptable 3% on average is already right now reached once again. so all the parameters are in the right place and the only thing the next government needs to do is actually nothing. if it does nothing, if it doesn't...
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Dec 14, 2012
12/12
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but, okay, sometimes there are some comeback kids and berlusconi could be one of them. he did say that if monti would stand, he would resolve his claim to anything, but he wanted to prevent a shift to the left in italy. that's something angela merkel could support. although she might have to face her own transition to the left as we face elections in september. it's hoped mario monti would stand again and would stay in place because clearly that was the sort of work in progress that worked well. down with the euro and italy has to walk its own way. that is not something that we would like to hear in the eu eurozone or in berlin. >> silvia, thank you so much for your time. >>> now, a weak ahead of the person of the year, the winner, north korean leader kim jong un. the magazine didn't admit that various online campaigns were at work to influence the vote. not necessarily a legitimate tell on who readers would like to see as person of the year. so we're going to cast our own poll on "worldwide exchange." who is your pick for person of the year? e-mails us here, tweet us.
but, okay, sometimes there are some comeback kids and berlusconi could be one of them. he did say that if monti would stand, he would resolve his claim to anything, but he wanted to prevent a shift to the left in italy. that's something angela merkel could support. although she might have to face her own transition to the left as we face elections in september. it's hoped mario monti would stand again and would stay in place because clearly that was the sort of work in progress that worked...
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May 29, 2012
05/12
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and then the political focus got on to berlusconi and the fact there was not much of an effort to cut spending. so then the crisis got in to full swing and it took italy into it. but now that we have the technocratic government and there seems to be control of spending, italy for the moment is out of the crisis. but i still think that the same could happen purely because if the market dries up, then the focus will be back on the bigger more regular issue, i'm afraid. >> and i wonder given the reports that we got out, talking about how people concerned about italy not pushing through with reforms on its tax side of things, whether that is down the road going to reappear and get investors concerned again about italy. >> there's no getting away from its high beater to spain and where yields are. the higher italian yields go, the more the focus will be on the fiscal side of things. and although the fiscal side appears fairly tight, in terms of putting in place structural reforms to really turn their finances around here, we're still waiting for things to be done. i would say they're makin
and then the political focus got on to berlusconi and the fact there was not much of an effort to cut spending. so then the crisis got in to full swing and it took italy into it. but now that we have the technocratic government and there seems to be control of spending, italy for the moment is out of the crisis. but i still think that the same could happen purely because if the market dries up, then the focus will be back on the bigger more regular issue, i'm afraid. >> and i wonder given...
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Sep 14, 2012
09/12
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didn't attack sufficient conditionality to it, so he went in and bailed out the italian bond market and berlusconi immediately backtracked on all the austerity measures he said he was going to put through. and that's really the main concern. we're worried about an lgt. the crisis solution is moving from the central banks across to the politicians. the main benefit of all of these policies is to buy time. and up to today the politicians have nearly wasted that time. we haven't seen any long term solutions coming through. so this is the main concern. if the politicians are going to get their act together, what we've seen in the past is that they've been unable to do that. they're staggering towards a third bailout because they can't agree on what measures should be taken and now we're at the stage if it doesn't happen, it means they don't get the aid. we also have the problem that everyone is against monetizing the debt. that includes getting a banking licenses to the esm and if you see the amount of money that already has been poured in to greece, if xu trap late those numbers over to spain let alo
didn't attack sufficient conditionality to it, so he went in and bailed out the italian bond market and berlusconi immediately backtracked on all the austerity measures he said he was going to put through. and that's really the main concern. we're worried about an lgt. the crisis solution is moving from the central banks across to the politicians. the main benefit of all of these policies is to buy time. and up to today the politicians have nearly wasted that time. we haven't seen any long term...